GK SOFTWARE AG continues to grow
- Revenues up by approximately 25% to EUR 4.6 million in comparison with the same period last year
- EBIT margin increased to 18.9% over the 2008 business year figure
GK SOFTWARE AG was able to continue its growth in the first quarter of 2009. The report for this period, which was presented today, shows an increase in sales to EUR 4.59 million compared with EUR 3.66 million in the first three months of 2008.
Earnings before interest and taxes (EBIT) amounted to EUR 0.86 during the reporting period. Due to special effects, particularly above-average revenues from licenses, EBIT was EUR 0.99 million in the first three months of 2008. Based on total operating revenues totaling EUR 4.58 million, this equates an EBIT margin of 18.9% for the first quarter of 2009 (fiscal year 2008: 18.5%). Net income for the quarter was EUR 0.66 million. This corresponds to earnings per share of EUR 0.39 after the first three months of 2009.
Because of the current general economic situation the Management Board will not provide any specific forecast for the current business year. However, the Management Board is confident that the company will continue to increase its sales in 2009 and achieve appropriate profitability.
The complete quarterly report has been published on the GK SOFTWARE AG website today in the section "Investor Relations".
GK Software AG
GK SOFTWARE AG is one of the leading technology developers and providers of standard software for the retail sector in Europe and has an extensive range of products for stores and enterprise headquarters. As a result of its open software solutions in the GK/Retail Suite, which can be used with any platform and is fully programmed in Java, the company has established itself on the market as a leading provider of technology and innovations. The software provides ideal business organization for retail companies with many stores and therefore offers significant potential for cost savings and customer loyalty programs so that companies can increase their competitiveness.
The company employs 231 members of staff (figures for 31 March 2009) at company headquarters in Schöneck and four other business locations in Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can list well-known German and foreign retail companies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Markendiscount and Tchibo. The software is currently being used in 25 countries at 57,000 POS units in approx. 13,500 stores in Germany and abroad. The company has grown rapidly during the past few years and its sales revenues totaled EUR 15.0 million in 2008. GK SOFTWARE AG achieved EBIT of EUR 2.8 million (EBIT margin of 18.5% on total operating revenue). The two founders and Management Board members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction with the Management Board members Ronald Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable company with strong growth since 1990.